FACT CHECK: Health insurer profits not so fat

Discussion in 'Healthcare/Insurance/Govt Healthcare' started by Yurt, Oct 25, 2009.

  1. Yurt
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    Yurt Gold Member

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    FACT CHECK: Health insurer profits not so fat

    In the health care debate, Democrats and their allies have gone after insurance companies as rapacious profiteers making "immoral" and "obscene" returns while "the bodies pile up."

    Ledgers tell a different reality. Health insurance profit margins typically run about 6 percent, give or take a point or two. That's anemic compared with other forms of insurance and a broad array of industries, even some beleaguered ones.

    FACT CHECK: Health insurer profits not so fat - Yahoo! News
     
  2. Conservanoid
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    Conservanoid Rookie

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    I know really. Insurance companies need to make more money.
     
  3. PoliticalChic
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    PoliticalChic Diamond Member

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    "Also, it’s worth noting that while these figures sound like a lot of money — and few would dispute the fact that health insurance company CEOs make healthy salaries — these numbers represent a very small fraction of total health care spending in the U.S. In 2007, national health care expenditures totaled $2.2 trillion. Health insurance profits of nearly $13 billion make up 0.6 percent of that. CEO compensation is a mere 0.005 percent of total spending."

    Pushing for a Public Plan | FactCheck.org

    So, "I know really." is incorrect.

    It seems you really don't know.
     
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  4. The Rabbi
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    The Rabbi Diamond Member

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    Frankly what difference does it make if they make 6% margins or 60% margins?? If it is a competitive business and they run it for the benefit of shareholders, who cares? Why should it matter?
    It is simply class envy and warfare, spurred by the Dems. In any sane society you would want businesses to do well and make money.
     
  5. MajikMyst
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    MajikMyst Honorary Non-member

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    The CEO of United Healthcare makes $102,000 dollars an HOUR!!! One hundred thousand dollars an HOUR!! That is obscene and that fact alone trashes this thread!! Keep in mind that profits are after everyone is paid.. I don't give a flying set of monkey nuts what their margin is.. $102,000 dollars an hour is insane!!

    They also get 50% of premiums from every policy of flood insurance sold.. And they don't do flood insurance the government does.. They just sell it.. That is some 40 billion or so anually for doing next to nothing and having no exposure of their own..

    Poor poor insurance companies!! They are are poverty stricken and barely make a profit.. MY ASS!! The facts say otherwise if you morons care to look at them and not some right wing spin site that was bought and paid by the insurance companies..

    They make 30% on the dollar which is almost as much as a casino at 33% on the dollar..

    Fact hurt don't it!!
     
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  6. PoliticalChic
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    PoliticalChic Diamond Member

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    Possibly you didn't conprehend the fact check re: industry profits and CEO pay.

    Have a literate friend explain it to you.

    Then, consider this as an mitigation for you your whining, envious sensibilities: choose a healthcare provider whose CEO makes what you consider a more reasonable salary.

    And here's a hint: in the future, study harder in school.
     
  7. The Rabbi
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    The Rabbi Diamond Member

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    This class envy business is really sad. Who cares what anyone else makes, except for politicians, who work for us?
     
  8. Mr. H.
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    Mr. H. Diamond Member

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    These folks don't punch a time clock. It ain't Wal Mart.
     
  9. veritas
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    veritas OBKB

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    Class envy? You can jump off of that. Money has nothing to do with class.
     
  10. MajikMyst
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    MajikMyst Honorary Non-member

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    I'm sorry?? The IRS says one thing and your fact check says something else where again?? How bout you study harder and learn to read!! Starting with tax forms you moron!!

    Then how bout you explain the 20 billion in government subsidies that insurance gets??

    Your article is a joke!!
     

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